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QI. (1) What is a limited liability company? How does it differ from a registered limited liability partnership? (3 points) (2) Describe a situation where

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QI. (1) What is a limited liability company? How does it differ from a registered limited liability partnership? (3 points) (2) Describe a situation where you would want to use centralized decision making. Describe a situation where decentralized decision making would be best. What makes the organizational scheme used in both cases the best decision? (4 points)

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